PV sales in India set to hit record 3.8 million units in FY23: Icra
- With ease in supply chain constraints and semi-conductor shortage, capacity utilisation of the OEMs improved to healthy levels over the past few quarters - factoring in a continuation of strong demand sentiments
New Delhi: The passenger vehicle (PV) market is set to touch an all-time high of 3.7-3.8 million units in FY2023, a growth of 21-24% over the previous fiscal, driven by robust demand, according to a report by ratings firm Icra.
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